Virus closures send Atlantic City casino profits down 65%

ATLANTIC CITY, N.J. (AP) — New state figures show Atlantic City’s casinos saw their gross operating profits fall by more than 65% in the first quarter of this year. The statistics released Friday cover only the first two weeks of casino closures due to the coronavirus outbreak. Second-quarter earnings are sure to be worse because the casinos have been shut all of April and May so far, with no reopening date set. The figures show the nine casinos collectively posted profits of $29.6 million in the first three months of this year, down from $85.6 million in the same period last year.

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